Daily Technical Analysis

The current movements of the German DAX index are witnessing an upward trend, benefiting from stability above the 15,630 support level. On the technical side, we tend to the positivity, relying on stability above the mentioned support and the RSI’s attempts to obtain bullish momentum above the 50 mid-line. Therefore, …

Oil, Crude, trading

Negative trading continues to dominate the movements of GBP/JPY, approaching by a few points to the first bearish target published in the previous analysis, at 150.70, recording the lowest price of 150.85. Technically, the intraday trading stability is above the 151.20 support level, accompanied by the attempts of the stochastic …

The Canadian dollar maintained its positive stability above the pivotal support level published during the previous report, at 1.2600, to return to test the resistance level of the psychological barrier of 1.2700. Technically, we see the pair now hovering around the 1.2665 resistance level represented by the 61.80% Fibonacci, trying …

Oil, Crude, trading

Oil, Crude, trading

Gold prices incurred huge losses during the last trading session within the negative outlook as we expected. Therefore, we relied on confirming the breach of 1784, heading towards touching the official target station 1768, on recording its lowest level at 1745. Technically, trading stabilizing below the previously broken support-into-resistance level …

Negative trading dominated the single European currency during the previous trading session, within the expected bearish path, touching the first target at 1.1750, recording the lowest price of 1.1750. Technically, and with careful consideration of the 4-hour chart, we find the simple moving averages continuing their negative pressure on the …

The German DAX index touched our bearish targets at 15,645, heading towards the second target of 15,610. Technically, the current moves are witnessing a slight bullish slope. We see that the index is trading above the 15,620 support level, accompanied by stochastic attempts to eliminate the present negativity. Therefore, the …

Oil, Crude, trading